Brill’s Encyclopedia of China

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(2,604 words)

1. Institutional and Philosophical Aspects

"Property" is a complex of different rights to action or order, which is constituted by and regulated through formal as well as informal institutions. Official legislation can, in principle, deliberately design formal institutions, while informal institutions like traditional values change only slowly and reflect the change…

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Herrmann-Pillath, Carsten, “Property”, in: Brill’s Encyclopedia of China, Managing Editor English Edition: Daniel Leese. Consulted online on 30 November 2022 <>
First published online: 2008
First print edition: ISBN: 9789004168633, 20121018

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